Monthly Budget Wrap-Up 5

6 thoughts on “Monthly Budget Wrap-Up 5”

  1. my major success this year was not not using a credit card, but not using the credit card unless i already had the money to pay off the bill — in full — sitting in a bank account somewhere. a recent “surprise” car repair wasn’t as traumatic as it could have been because i knew that i wouldn’t have to pay a penny of interest while i tried to find a way to pay off mr. mastercard. it still hurt to withdraw that few hundred dollars from my ING account, but at least i had it to withdraw.

    that’s a HUGE improvement over where i was just a year ago. and it feels SO good.

    although, living within my meager food/entertainment budgeted amount is getting a little tiresome. i need to find a way to supplement that in the coming months. hey… anyone want to buy some photos? 😉

  2. I’m so glad that things went so well this month and you totally should celebrate and bask in the wonderful feeling! Knowing how good you feel when things go right is just the kind of reinforcement that will cement these smart habits into a lifetime of financial security and freedom for your future! That’s how I feel whenever we review our financial progress (which we still do monthly). We had very little debt when we first met but I’ve always been someone who has a lot of money anxieties. So we started reading and learning about financial management, saving, planning, budgeting, etc. We started reviewing our finances on a monthly basis and try to celebrate our successes whenever they come up.

  3. We just got home from a 5 week vacation that was budgeted and paid for in advance. I’m sure my friends got sick of my planning in the 2 years it took to save up for the thing, but it felt really good to come home and realize that we had an awesome time and there’s still money in the bank. In fact, we went under budget, so there will be an extra $2000 to slide into our down payment when we take possession in July. Yay!

    Riann’s last blog post..Crack!

  4. I absolutely have something to celebrate!! I took out a loan for a computer when I was 18 and never paid for it. Bad, I know. It was finally written off in August, only to be bought out by another bank in February, much to my chagrin. I made 3 payments of $200, like I said I would, and they offered to settle the final $1500 owing for $600!! I happened to have a bit more than that in my account even after 3 trips to Kelowna 3 months in a row, so I paid it off!! The $200 that I was paying each month to the loan can now go on my credit card, which will now be paid off in 2 months!

    The only debt left is my car payment, which I owe I believe $11,000 on. That should take me about 8 months to take care of once the credit card is paid off and I’ll be debt free! I’ll even have a savings account! My god, I love miss Gail Vaz Oxlade. What a smart lady!

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